Mcadoo, Texas Property Taxes
The median property tax rate in McAdoo, TX is 1.21%, considerably higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With the median home value in McAdoo at $139,833, the typical annual property tax bill reaches $1,699, which is below the national median of $2,690. Property taxes in McAdoo are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McAdoo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of McAdoo or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mcadoo, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,692
$1,565
Ownwell’s McAdoo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McAdoo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McAdoo to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mcadoo, Texas
Property taxes in McAdoo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McAdoo is 1.21%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within McAdoo set these rates annually, and they can vary significantly across different neighborhoods. Each year, McAdoo estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares McAdoo's effective property tax rate to other counties in Texas and the national median. For comparison, the 79243 zip code has the highest median property tax rate of 1.21%, while the 79243 zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with McAdoo provides valuable insights into the varying tax landscape across Crosby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcadoo Tax Rate
1.21%
Average Crosby County Tax Rate
2.27%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcadoo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79243 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Mcadoo, Texas
In McAdoo, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Crosby County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In McAdoo, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in McAdoo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 79243 in McAdoo has both the highest and lowest median tax bills, at $1,699.
Average Mcadoo Assessed Value
$139,833
Average Crosby County Assessed Value
$53,460
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcadoo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79243 | $139,833 | $139,833 | $139,833 | $139,833 | $139,833 |
Source: Ownwell
Property Tax Bills Across Mcadoo, Texas
In McAdoo, located in Crosby County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. For homeowners in McAdoo, the median home price is $139,833. The local property tax rate, combined with the assessed value, determines the final tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Additionally, any improvements or renovations can affect the valuation. In McAdoo, most homeowners see a consistent tax bill, with the 25th, 75th, and 90th percentiles all reporting an annual tax bill of $1,699. This uniformity suggests a stable and predictable tax environment for property owners. Compared to the national median property tax rate of 0.99%, McAdoo's rate results in a relatively moderate tax burden for homeowners. Understanding these factors helps residents anticipate their tax obligations and manage their finances accordingly.
Average Mcadoo Tax Bill
$1,699
Average Crosby County Tax Bill
$1,091
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcadoo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 79243 | $1,699 | $1,699 | $1,699 | $1,699 | $1,699 |
Source: Ownwell